SMEs need to be informed about the technical requirements
Exported goods are rejected repeatedly at foreign borders. Import rejections mean loss of revenue and generate considerable costs for the exporter due to the return or destruction of non-compliant goods. According to a study by UNIDO, these “export losses” cost companies several hundred million USD every year [1]. Especially for SMEs in developing countries, such rejections can threaten their existence.
Continue readingThe Fourth Industrial Revolution
We are in the midst of a fundamental transformation that will radically change the way we live, work and interact with each other. This transformation began before COVID-19 but has accelerated through the pandemic. Klaus Schwab, the founder and Executive Chairman of the World Economic Forum, speaks in this context of a “Fourth Industrial Revolution”, which will be in its scale, scope and complexity a transformation, unlike anything humanity has ever experienced. Although we do not know yet precisely how it will unfold, the expected changes must be integrated comprehensively and inclusively (Schwab 2017).
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Quality Infrastructure for Development 